RurouniK

Wait until you find out what happens when people try to take out their money all at once from banks... I remember back in the day when people used to call early internet users internetfreaks and zealots. Now it's the same with Bitcoin. Whatever...

The market cap is a counter argument because it shows the trust people, and lately corporations put into Bitcoin as a store of wealth and a hedge against inflation. The market cap proves that bitcoin/blockchain/cryptocurrency enthusiasts put their money where their mouth is.

How is private key management a problem when there are so many battle tested hardware wallets used by millions of people?

Bitcoin has been running non-stop for the past 12 years, used by tens of millions of people,has a market cap of 1 Trillion and all that while protecting the human rights around the world: https://www.reddit.com/r/Bitcoin/comments/ldyy7s/bitcoin_is_...

But even if you are clueless enough to think that Bitcoin and blockchain isn't working at least you should appreciate all the breakthroughs in cryptography like Zero Knowledge proofs, networking like libp2p, distributed storage like ipfs etc. that emerged from the evolution of cryptocurrency tech.

"This means that in order to have Bitcoin serve as the daily currency for all of Argentina's 50 million people would at least 50-tuple its energy consumption."

This comment is beyond dumb and just showcases that you have no clue whatsoever about how bitcoin works. Bitcoin's power consumption doesn't go up when more people use it. It goes up when more people COMPETE for the production of the next block, meaning when there are more miners.

Also more than 50% of bitcoin's power consumption already comes from renewable sources.

Also youtube and online gaming need many times more power and I'd argue that a global, open, permissionless financial network is far more important.

The US stock market is an institution run by suits not a technology. I mean boomers like you might think that the internet and usps are the same thing because they both move messages around but they are not.

Do you have any proof of that large scale unfettered manipulation other than some random posts from salty boomers like yourself?

Crypto is a technology not a gamble. It attracts gamblers but it's a technology and it's already 12 years old. I could say that an open decentralized permissionless network that has moved trillions of dollars for the last 12 years is resilient enough for me.

Apparently when retail investors win it's "Manipulative trading activity"... I'm so glad Bitcoin and DeFi was invented in my lifetime and I can be protected by maths and computer science instead of a three letter agency.

Seriously what's up with boomers and moaaar taxes and regulation! Taxes and regulation just increase the entry barrier for competitors. Established businesses/monopolies love regulation...

People who say this is from 2019. It doesn't matter. Apparently Bitcoin critics have limited imagination so it's the same FUD resurfacing every time Bitcoin hits a new ATH. It's either that or something about tulips, or Bitcoin's CO2 emissions etc. It's practically the same debunked myths since Bitcoin first hit $100, and then again at $1000, and then at $20k, and now at $40k...